Notes to the financial statements

continued

5 Net finance costs

Half year to 30 July 2011 £m Half year to 31 July 2010 £m Year to 29 January 2011 £m

Finance costs

Total finance costs in respect of borrowings 31.0 25.8 55.3

Premium paid on bond redemption – 9.2 9.2

Fair value measurements and other 0.9 0.2 0.1

Net finance costs arising on other employee benefit schemes 5.8 1.9 4.7

Total finance costs 37.7 37.1 69.3

Finance income

Total finance income in respect of investments (1.3) (1.2) (2.8)

Fair value measurements and other (0.1) (1.0) (0.9)

Net finance income arising on defined benefit retirement schemes (15.2) (0.2) (2.5)

Total finance income (16.6) (2.4) (6.2)

Net finance costs 21.1 34.7 63.1

Half year to 30 July 2011 £m Half year to 31 July 2010 £m Year to 29 January 2011 £m

Total finance costs in respect of borrowings 31.0 25.8 55.3

Premium paid on bond redemption – 9.2 9.2

Total finance income in respect of investments (1.3) (1.2) (2.8)

Net finance costs in respect of borrowings and investments 29.7 33.8 61.7

Fair value measurements and other 0.8 (0.8) (0.8)

Net finance income arising on defined benefit retirement schemes (15.2) (0.2) (2.5)

Net finance costs arising on other employee benefit schemes 5.8 1.9 4.7

Net finance costs 21.1 34.7 63.1